BSCE ISSUER
The Invesco Exchange-Traded Self-Indexed Fund Trust (BSCE) is managed by Invesco Indexing LLC, the same company that compiles and maintains the Underlying Index for the fund. Invesco Indexing LLC is affiliated with Invesco Capital Management LLC, the fund's investment adviser, and Invesco Distributors, Inc., the fund's distributor. BSCE focuses on tracking the performance of U.S. dollar-denominated emerging markets bonds with maturities, or effective maturities, in the year 2023. The fund's investment universe includes bonds issued by governments of emerging markets countries and entities domiciled in such countries. To be eligible for inclusion in the Underlying Index, bonds must meet certain credit rating and face value criteria, and the index applies market value weighting with limits on individual issuers and countries. BSCE is set to terminate around December 15, 2023, with a strategy to transition to cash and cash equivalents as the 2023 Bonds mature in its last year of operation.
BSCE DIVIDEND
The Invesco BulletShares 2023 USD Emerging Markets Debt ETF (BSCE) focuses on investing at least 80% of its total assets in securities that make up the Underlying Index. The Underlying Index aims to measure the performance of a portfolio of U.S. dollar-denominated emerging markets bonds set to mature or have effective maturities in 2023. To be eligible for inclusion, bonds must meet certain credit rating requirements and have a minimum face value. Bonds in the Underlying Index are market value weighted, with limits on individual issuers and countries. The ETF will generally hold bonds until maturity, call, or they no longer meet the eligibility criteria. BSCE is set to terminate around December 15, 2023, and will distribute its net assets to shareholders. The ETF does not have a predetermined cash distribution policy and will transition to cash and cash equivalents in its final months of operation.
BSCE TRACKING
The Invesco BulletShares 2023 USD Emerging Markets Debt ETF (BSCE) primarily seeks to mirror the performance of the underlying index, which consists of U.S. dollar-denominated emerging markets bonds with maturities or effective maturities in the year 2023. These bonds can be issued by governments of emerging markets countries or by companies and sovereign entities domiciled in such countries, such as Brazil, Chile, China, and others. To be included in the index, bonds must meet specific credit rating and face value criteria. BSCE employs a sampling methodology to achieve its investment goal and focuses on bonds with a 2023 maturity, making it a suitable option for investors looking to access emerging markets debt with a fixed maturity date. The ETF will terminate around December 15, 2023, and its portfolio will transition to cash and cash equivalents as the 2023 Bonds mature. Please note that BSCE is a non-diversified fund and may concentrate its investments in specific sectors in line with the underlying index's composition.
BSCE CORRELATION
The correlation aspect of the Invesco BulletShares 2023 USD Emerging Markets Debt ETF (BSCE) is essential in understanding its behavior in relation to the broader emerging markets bond market, particularly those with maturities in 2023. BSCE tracks a portfolio of U.S. dollar-denominated emerging market bonds with a focus on those maturing in 2023. Its correlation with the underlying index reflects its performance and responsiveness to changes in emerging market bond dynamics, making it a valuable tool for investors seeking exposure to this specific bond segment.
BSCE SECTOR
The Invesco BulletShares 2023 USD Emerging Markets Debt ETF (BSCE) primarily focuses on the emerging markets debt sector, specifically targeting U.S. dollar-denominated bonds with maturities or effective maturities in the year 2023. The ETF seeks to measure the performance of a portfolio of bonds issued by governments of emerging markets countries or entities domiciled in such countries. These countries include Brazil, Chile, China, Colombia, and several others, as classified by the Index Provider. Bonds included in the Underlying Index must meet certain credit rating and face value criteria to be eligible, making BSCE a blend of investment grade and below investment grade (junk) bonds. The ETF employs a market value weighting methodology with issuer and country limits and typically holds bonds until they mature, are called, or no longer meet eligibility requirements. BSCE is designed to terminate around December 15, 2023, making it suitable for investors seeking exposure to emerging markets debt with a specific maturity target.
BSCE EXPOSURE
The exposure characteristic of the Invesco BulletShares 2023 USD Emerging Markets Debt ETF (BSCE) centers around U.S. dollar-denominated emerging markets bonds with maturities or effective maturities in the year 2023. This ETF offers investors an opportunity to gain exposure to emerging markets debt, including bonds from countries like Brazil, China, India, and others. It primarily focuses on investment-grade and below-investment-grade bonds issued by governments and entities in emerging markets, with specific credit rating criteria and minimum face value requirements.
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